BNS vs. XEQT.TO
Compare and contrast key facts about The Bank of Nova Scotia (BNS) and iShares Core Equity ETF Portfolio (XEQT.TO).
XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNS or XEQT.TO.
Correlation
The correlation between BNS and XEQT.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BNS vs. XEQT.TO - Performance Comparison
Key characteristics
BNS:
0.55
XEQT.TO:
0.81
BNS:
0.85
XEQT.TO:
1.19
BNS:
1.11
XEQT.TO:
1.18
BNS:
0.32
XEQT.TO:
0.84
BNS:
1.34
XEQT.TO:
3.95
BNS:
7.28%
XEQT.TO:
3.22%
BNS:
17.78%
XEQT.TO:
15.64%
BNS:
-63.79%
XEQT.TO:
-29.74%
BNS:
-20.16%
XEQT.TO:
-7.04%
Returns By Period
In the year-to-date period, BNS achieves a -6.41% return, which is significantly lower than XEQT.TO's -2.60% return.
BNS
-6.41%
3.86%
-2.90%
11.45%
10.52%
4.04%
XEQT.TO
-2.60%
-2.30%
-0.06%
12.41%
13.19%
N/A
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Risk-Adjusted Performance
BNS vs. XEQT.TO — Risk-Adjusted Performance Rank
BNS
XEQT.TO
BNS vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and iShares Core Equity ETF Portfolio (XEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BNS vs. XEQT.TO - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 6.25%, more than XEQT.TO's 2.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 6.25% | 5.84% | 6.40% | 6.40% | 4.02% | 4.94% | 3.54% | 5.10% | 3.75% | 3.98% | 6.63% | 4.11% |
XEQT.TO iShares Core Equity ETF Portfolio | 2.08% | 2.03% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BNS vs. XEQT.TO - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.79%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for BNS and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
BNS vs. XEQT.TO - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 8.74%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 12.65%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.